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Abbott Labs posts 16% profit drop amid coronavairus, suspends forecast
Abbott Laboratories reported earnings of 31 cents a share on net revenue of $7.73 billion......»»
Saudi Aramco to cut capital spending in 2020, posts drop in 2019 profit
Saudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, as it posted a 21% decline in 2019 net profit due to a drop in oil prices and production, its first earnings announcement as a listed company......»»
Walmart"s Mexico unit posts 4.5% drop in net profit
Walmart de Mexico, Mexico's largest retailer, on Thursday reported fourth quarter net profit of 11.2 billion pesos ($594.7 million), a 4.5% drop over the same period last year......»»
Steel becomes new problem child as Thyssenkrupp posts profit drop
Thyssenkrupp's steel division swung to a loss in the first quarter, raising doubts over Europe's second-biggest steelmaker, the conglomerate's core following its planned sale of its elevator business......»»
Yum Brands misses sales, profit estimates as Pizza Hut battles rivals; shares drop
Yum Brands Inc shares fell 4.7% after it reported quarterly same-store sales and profit that missed analyst expectations on Thursday, as stiff competition took a bite out of sales at its Pizza Hut chain in the United States......»»
Cleanroom constructor UIS posts profit surge
Taiwan-based United Information Systems (UIS) has reported net profit surged 44.3% from a year earlier to NT$2.03 billion (US$66.7 million) in the first three quarters of 2019. EPS for the nine-month period came to NT$10.67......»»
Dow Jones Newswires: Primark owner AB Foods posts profit drop
Retail adjusted operating profit was GBP913 million, up from GBP834 million in fiscal 2018, with Primark sales up 4.2% ahead of last year at actual exchange rates.....»»
Caterpillar cuts profit outlook as China construction sales slump
Industrial bellwether Caterpillar Inc reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline......»»
McDonald"s posts rare profit miss, shares drop
McDonald's Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up delivery weighed on the world's biggest fast food chain, sending its shares down 3%......»»
Tiffany profit tops estimates, Hong Kong and tourism hit sales
Luxury jeweler Tiffany & Co on Wednesday reported quarterly earnings that beat estimates on a drop in marketing costs even as sales were hurt by lower spending by Chinese tourists in the United States and political unrest in Hong Kong......»»
Macy"s posts 48 percent drop in profit, cuts full-year forecast
Macy's posts 48% drop in profit, cuts full-year forecast.....»»
Macy"s posts 48 percent drop in profit, cuts full-year forecast
Macy's posts 48% drop in profit, cuts full-year forecast.....»»
Trucks drive GM"s profit despite drop in overall sales
General Motors posted a better-than-expected net profit Thursday as high-margin trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast......»»
Trucks drive GM"s profit despite drop in overall sales
General Motors posted a better-than-expected net profit Thursday as high-margin trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast......»»
Pickup trucks drive GM second quarter profit beat despite sales drop
General Motors Co posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast......»»
Starbucks traffic surges, posts best sales growth in three years
Starbucks Corp attracted more customers in the latest quarter on an expanded line up of beverages and food offerings in the United States and China, leading the coffee chain to raise its fiscal 2019 profit forecast......»»
Nissan faces long, rocky road to cut U.S. discounts, rental sales
Nissan Motor Co Ltd said on Tuesday it had hit "rock bottom" with a 45% drop in annual operating profit. The automaker's troubles in the United States, including a failure to deliver on a slew of promises to dealers, are a major reason why......»»
Schlumberger posts profit drop, sees international spending rising
Oilfield services provider Schlumberger NV on Thursday forecast rising international and offshore exploration spending this year, after posting a 20 percent drop in first-quarter profit due to weak North American demand......»»
FedEx cuts 2019 forecast again, shares drop 5 percent
FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down 5 percent and fueling fresh worries it is losing ground in Europe to delivery rivals United Parcel Service Inc and Deutsche Post DHL Group......»»
Reliance Jio posts net profit of Rs 5.1 bn in Q4; subscriber base up 16%
The Mukesh Ambani-led telco, however, saw an 11 per cent drop in average revenue per user.....»»